Showing posts from August, 2015

Trinidad and Tobago Retail Merchants - Preparing To Face The Oil Crisis

Common Sense Proactive Tips Lean times are certainly in our future.  A few of us can feel the ripple effect as the economy shrinks.  One vendor who operated for years in Mayaro shared the reason she no longer goes there with her goods, sales are too unpredictable there. She left when gross sales went from $6000 a weekend to about $2000. 

After deducting the cost of transportation and the time it took to setup she took advantage of one of the characteristics of her trade; mobility.  She moved her business to Tunapuna.

 Every small business owner in Trinidad and Tobago knows that the drop in oil prices will eventually affect their business.  Most know that soon they will begin to feel the economic pinch.  In the back of the minds of most business owners are expecting the economic pinch while contemplating two questions:
What effect will the low oil prices have on my business?What can I do to prepare for whatever is coming? Let’s answer the first question.  Low oil prices means a lot l…

Why I'm Voting PNM

People Want Real Services not Platitudes
I’ve never dipped my fingers in red ink.  I consider myself a social activist and feel that it is important to exercise what I feel is my civic duty to influence any election in my community or nation. 
I lived in the US many years and vaguely remember voting for a candidate who lost the election.  It did not really matter who won at the time, just the fact that I could vote in the US Primary Election was enough.
So five years ago, I returned to Trinidad a couple of years before the last election in 2010 when the People Partnership was elected into office.  My memory is still clear, I admit I was in full support of the UNC party over the PNM, It seemed like an easy choice, and Patrick Manning may have been suffering from Hubris.
Today I have a sense of déjà vu, in less than five years the UNC party proved itself to be the worst choice of governments.  Now it’s PM Kamla who is showing early signs of Hubris.  Her campaign is dubbed “Kamla 2015…

Business Planning Tools For Startup and Small Business Owners

Tools To Accelerate Business Growth Are you planning or running a “Lean” business?  The primary goal of every startup and small business owner is to make a profit.  Malcolm X said; “…by any means possible” and of course he was not talking about profit but it’s no different for small business owners.  The only caveat is that it must be legal and ethical.  Usually, resources are limited, like rag tag guerilla you must make the biggest impact with these limited resources. Operating lean means that you have identified the essential functions in your business.  Then you find the most efficient, cost effective solutions.  It means implementing a business model that directly addresses the problem you are solving in your market.  A Lean Business Model is the most inexpensive way to test any new business idea.   This new business modeling trend makes the long drawn out business plans obsolete.  Business plans may still be requested by financial institutions and venture capitalist but as an ope…